It's that time of year again. Shortly after you arrive home from your work day you will most likely hear a knock on your door. Or perhaps you have children that age that will return home from school one day with some sort of catalog or a nondescript box of candy to sell. Yes, the pre-holiday season fundraiser push is about to go into full swing.
Whether it's candy, cookie dough or some other product, you can be assured someone will be selling it. The diversity of fundraising mechanisms have changed throughout the years and some organizations are exploring methods that are not centered around product sales.
Statistically, these models don't pay a lot of the principle raised to the beneficiary. the majority of the money goes to fulfillment of incentives and paying for product as well as the partner company. THis leaves roughly 10-15% for the organization. That amount of money is roughly the same margin as most restaurants that have to operate continually and in high volume to sustain themselves.
A newer model focused on reclamation and recycling of old technology has been making a push for the past few years and tends to pay a higher percentage to the organization. These models have no carry on inventory and are far less risky with a lower barrier for entry. They also operate with no minimums on amount raised to receive a significant payout. This sort of revenue sharing model is more progressive and many companies are trying this low risk alternative as an augment to existing platforms. Check out www.pandabit.com to learn more about how you can use this type of platform.
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